NV5 Global Stock Forecast
NV5 Global stock price up 0.243% on Friday
(Updated on May 17, 2024)
The NV5 Global stock price gained 0.243% on the last trading day (Friday, 17th May 2024), rising from $94.77 to $95.00. During the last trading day the stock fluctuated 2.07% from a day low at $93.32 to a day high of $95.25. The price has risen in 6 of the last 10 days and is up by 1.29% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 23 thousand more shares were traded than the day before. In total, 86 thousand shares were bought and sold for approximately $8.20 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.50% during the next 3 months and, with a 90% probability hold a price between $76.56 and $88.36 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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NVEE Signals & Forecast
The NV5 Global stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $95.28. On a fall, the stock will find some support from the long-term average at approximately $94.02. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 6.19%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for NV5 Global stock
NV5 Global finds support from accumulated volume at $94.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.93 between high and low, or 2.07%. For the last week the stock has had daily average volatility of 1.78%.
Our recommended stop-loss: $89.49 (-5.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (NVEE) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect NV5 Global to open at $94.52, and during the day (based on 14 day Average True Range), to move between $93.09 and $96.91, which gives a possible trading interval of +/-$1.91 (+/-2.01%) up or down from last closing price. If NV5 Global takes out the full calculated possible swing range there will be an estimated 4.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $94.85 (0.16%) than the resistance at $100.51 (5.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NV5 Global stock A Buy?
NV5 Global holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.821 Hold/Accumulate Unchanged
Predicted Opening Price for NV5 Global of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $94.52 ( 0.502%) | $95.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NVEE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 96.45 | 1.53 % | |
| R2 | 95.72 | 0.754 % | ||
| R1 | 95.26 | 0.274 % | ||
| Current price: | 95.00 | |||
| Support | S1 | 93.79 | -1.28 % | |
| S2 | 93.33 | -1.76 % | ||
| S3 | 92.59 | -2.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 103.00 | 8.42 % | |
| R2 | 101.31 | 6.64 % | ||
| R1 | 100.51 | 5.80 % | ||
| Current price | 95.00 | |||
| Support | S1 | 94.85 | -0.158% | |
| S2 | 90.04 | -5.22% | ||
| S3 | 89.46 | -5.83% |
FAQ
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